Gold Springs Resource Corp (GRC) — Working Capital to Net Assets Ratio
Gold Springs Resource Corp (GRC) has a Working Capital to Net Assets ratio of -13.0% as of March 2026. Working capital of CA$-3.12 Million (current assets of CA$89.87K minus current liabilities of CA$3.21 Million) is measured against net assets of CA$24.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Gold Springs Resource Corp to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gold Springs Resource Corp Working Capital to Net Assets (2004–2025)
This chart shows how Gold Springs Resource Corp's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2025. As of March 2026, the ratio stands at -13.0%, reflecting working capital of CA$-3.12 Million against net assets of CA$24.00 Million CAD. See GRC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Gold Springs Resource Corp (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gold Springs Resource Corp from 2004 to 2025, covering 21 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Gold Springs Resource Corp.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -12.2% | CA$-2.93 Million | CA$24.09 Million | CA$150.13K | CA$3.08 Million | ▼ -6.8 pp |
| 2024 | -5.3% | CA$-1.32 Million | CA$24.71 Million | CA$123.80K | CA$1.44 Million | ▼ -3.8 pp |
| 2023 | -1.5% | CA$-387.53K | CA$25.20 Million | CA$179.52K | CA$567.05K | ▲ +2.2 pp |
| 2022 | -3.7% | CA$-898.43K | CA$24.34 Million | CA$538.17K | CA$1.44 Million | ▼ -19.8 pp |
| 2021 | 16.1% | CA$3.95 Million | CA$24.58 Million | CA$4.54 Million | CA$587.78K | ▲ +7.9 pp |
| 2020 | 8.2% | CA$1.87 Million | CA$22.96 Million | CA$2.60 Million | CA$725.50K | ▼ -8.7 pp |
| 2019 | 16.9% | CA$4.09 Million | CA$24.23 Million | CA$4.69 Million | CA$596.98K | ▲ +17.7 pp |
| 2018 | -0.8% | CA$-293.03K | CA$34.91 Million | CA$126.77K | CA$419.79K | ▲ +3.6 pp |
| 2017 | -4.4% | CA$-1.26 Million | CA$28.63 Million | CA$763.90K | CA$2.03 Million | ▼ -12.7 pp |
| 2016 | 8.3% | CA$2.30 Million | CA$27.56 Million | CA$2.56 Million | CA$265.32K | ▲ +2.1 pp |
| 2015 | 6.2% | CA$2.32 Million | CA$37.52 Million | CA$2.61 Million | CA$292.01K | ▼ -6.4 pp |
| 2014 | 12.5% | CA$4.33 Million | CA$34.53 Million | CA$5.06 Million | CA$733.89K | ▼ -17.9 pp |
| 2013 | 30.4% | CA$10.42 Million | CA$34.26 Million | CA$12.15 Million | CA$1.74 Million | ▼ -13.5 pp |
| 2012 | 43.9% | CA$23.02 Million | CA$52.40 Million | CA$24.46 Million | CA$1.44 Million | ▼ -14.7 pp |
| 2011 | 58.7% | CA$26.33 Million | CA$44.89 Million | CA$27.29 Million | CA$964.27K | ▼ -14.9 pp |
| 2010 | 73.6% | CA$35.07 Million | CA$47.67 Million | CA$35.91 Million | CA$838.52K | ▲ +30.5 pp |
| 2009 | 43.0% | CA$6.63 Million | CA$15.40 Million | CA$7.09 Million | CA$462.02K | ▼ -9.6 pp |
| 2008 | 52.6% | CA$7.22 Million | CA$13.71 Million | CA$7.47 Million | CA$255.14K | ▼ -26.8 pp |
| 2007 | 79.5% | CA$12.61 Million | CA$15.88 Million | CA$13.04 Million | CA$422.42K | ▲ +106.4 pp |
| 2006 | -26.9% | CA$-249.41K | CA$926.35K | CA$186.17K | CA$435.58K | ▼ -80.8 pp |
| 2004 | 53.9% | CA$3.33 Million | CA$6.18 Million | CA$3.34 Million | CA$3.65K | — |